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The Arbitrum Foundation is considering using Hedgey, a token streaming solution, for managing its grants program. The community has responded positively, praising Hedgey's ability to streamline grant distribution, its transparency features, and its cost-effectiveness.
This discussion revolves around a proposal by Lindsey to utilize Hedgey for the distribution and management of grants for the Arbitrum Foundation's grants program1. Hedgey is a token streaming solution that has been used by various DAOs to create vesting, lockups, and grants solutions. It has a track record of over 6000 live streams/lockups and has been audited by Consensys Diligence1. The platform allows grant issuers to set up multiple grants in a single transaction, reducing management overhead. It also enables the creation of public dashboards where an entire grant program can be shared with the broader DAO1. Hedgey Grants can be set as transferable, non-transferable, and transferable-by-admin only. It is completely free with no fees and allows grant issuers to add onchain governance rights to locked/vesting token grants1.
The community has shown a positive reaction to the proposal. Users Romang86, ChefAlec, and Rekt have expressed their support, sharing their positive experiences with Hedgey2,3,4. 0xWeston has also expressed strong support for Hedgey, praising their solutions for DAO usage and their team's support. They shared their positive experiences using Hedgey's streaming solutions and highlighted the successful execution of the first DAO-2-DAO swap on Arbitrum. They also mentioned the effectiveness of Hedgey in compensating DAO contributors via token locks, especially on Layer2 scaling networks like Arbitrum where such web3 solutions are scarce5.
The use of Hedgey for the Arbitrum Foundation's grants program is seen as a positive move due to its ability to streamline the grant distribution process. It allows for the setup of multiple grants in a single transaction, reducing management overhead. The platform also enables transparency by allowing the creation of public dashboards where an entire grant program can be shared with the broader DAO1. The fact that it is free and allows for onchain governance rights to be added to locked/vesting token grants is also seen as a positive aspect1.
There were no negative points or concerns raised in the discussion about the use of Hedgey for the Arbitrum Foundation's grants program.
Posted 4 months ago
Last reply 3 months ago
Summary updated 24 days ago
Last updated 03/12 08:01